Key Points
- Jonathan James Addison sold 23,304 shares of Okta at an average price of $77.79 (≈$1.81M) on March 25, cutting his holding by 84.23% to 4,364 shares; the SEC filing adds to broader insider selling (including the CEO) that could heighten near‑term selling pressure.
- Okta reported a Q4 beat with $0.90 EPS vs. $0.85 expected and $761M revenue (up 11.6% y/y), issued FY‑2027 EPS guidance of 3.740–3.820 and authorized a $1.0 billion share‑repurchase program.
- Shares slid about 7.7% amid mixed analyst views and active institutional trading; the stock has a market cap of ~$12.95B, 86.6% institutional ownership, and a consensus rating of "Moderate Buy" with a $103.25 average price target.
Okta, Inc. (NASDAQ:OKTA - Get Free Report) CRO Jonathan James Addison sold 23,304 shares of the company's stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $77.79, for a total value of $1,812,818.16. Following the sale, the executive owned 4,364 shares of the company's stock, valued at approximately $339,475.56. This represents a 84.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Okta Stock Down 7.7%
Shares of OKTA opened at $73.23 on Friday. The company has a 50 day moving average of $81.61 and a two-hundred day moving average of $86.00. Okta, Inc. has a twelve month low of $68.77 and a twelve month high of $127.57. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 55.90, a price-to-earnings-growth ratio of 2.86 and a beta of 0.79.
Okta (NASDAQ:OKTA - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.05. Okta had a return on equity of 4.18% and a net margin of 8.05%.The company had revenue of $761.00 million during the quarter, compared to analysts' expectations of $749.87 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm's revenue was up 11.6% compared to the same quarter last year. Okta has set its FY 2027 guidance at 3.740-3.820 EPS and its Q1 2027 guidance at 0.840-0.860 EPS. On average, sell-side analysts expect that Okta, Inc. will post 0.42 EPS for the current year.
Okta announced that its Board of Directors has initiated a share buyback program on Monday, January 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.
Institutional Trading of Okta
Institutional investors and hedge funds have recently modified their holdings of the business. Promus Capital LLC purchased a new stake in shares of Okta in the second quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in shares of Okta during the 3rd quarter valued at $26,000. Elevation Wealth Partners LLC raised its holdings in shares of Okta by 825.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 296 shares of the company's stock worth $26,000 after purchasing an additional 264 shares during the period. SHP Wealth Management acquired a new position in Okta during the fourth quarter valued at approximately $27,000. Finally, Torren Management LLC acquired a new position in shares of Okta during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 86.64% of the company's stock.
Trending Headlines about Okta
Here are the key news stories impacting Okta this week:
- Positive Sentiment: Q4 earnings beat, revenue growth and FY‑2027 guidance plus a $1.0B share‑repurchase authorization provide fundamental and capital‑allocation support. Read More.
- Positive Sentiment: Subscription revenue and identity product adoption showed strength in Q4 (higher deal values), supporting the view that product momentum can drive longer‑term reacceleration. Read More.
- Positive Sentiment: Macquarie initiated coverage with an Outperform and a $100 target, signaling some buy‑side conviction on Okta’s recovery levers. Read More.
- Neutral Sentiment: Wall Street coverage remains skewed toward Buy/Overweight overall, but price targets are dispersed — a mixed analyst backdrop that can magnify short‑term moves. Read More.
- Neutral Sentiment: Large institutional position changes and active hedge fund flows are increasing attention/volatility; these portfolio moves can amplify intraday swings without changing fundamentals. Read More.
- Negative Sentiment: Sector‑wide AI competition fears after a leak about Anthropic’s “Claude Mythos” cybersecurity agent triggered a broad selloff in security names, pressuring Okta despite company‑specific news. Read More.
- Negative Sentiment: Post‑earnings reset: investors are shifting focus from margin/profitability highlights to forward demand metrics (net retention, cRPO, backlog) and several firms trimmed targets — that rotation weighed on the stock. Read More.
- Negative Sentiment: Significant insider selling disclosed (including CEO Todd McKinnon), plus recent/announced board departures — disclosures that can increase short‑term selling pressure even when filings cite non‑disagreement reasons. Read More.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on OKTA shares. Scotiabank reduced their target price on Okta from $85.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 5th. Susquehanna dropped their price target on shares of Okta from $105.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Okta from $85.00 to $80.00 and set a "hold" rating on the stock in a research note on Thursday, March 5th. Weiss Ratings restated a "hold (c-)" rating on shares of Okta in a research note on Thursday, January 22nd. Finally, Oppenheimer reduced their price objective on shares of Okta from $120.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, March 5th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.25.
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About Okta
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Okta, Inc is a publicly traded provider of identity and access management solutions, headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, the company completed its initial public offering in April 2017. Under the leadership of McKinnon as chief executive officer and Kerrest as chief operating officer, Okta has grown into a leading vendor in the cybersecurity space, focusing on secure user authentication, single sign-on and lifecycle management for digital identities.
At the core of Okta's offering is the Okta Identity Cloud, a suite of cloud-native services that enable organizations to manage user access across web and mobile applications, on-premises systems and APIs.
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